The following newsletters are distributed by 80-20 Educational Foundation. To see newsletters from 80-20 PAC, please visit their website at http://www.80-20initiative.net.

Friday, June 27, 2014

Self-nominate to be on 80-20's Board of Donors



            A Board of Donors is to be elected
   A Board of Donors, BOD, will be elected by donors to our Self
Empowerment Longterm Fund, SELF project. BOD's functions will be:
1) to verify the existence of the escrow account on behalf of all donors,
2) to advise and help 80-20 accomplish its SELF fundraising goal,
3) be in complete control of $100,000 per year to forge UNITY of
     the AsAm community, starting Nov. 2015 when SELF is accomplished,
4) to draft a set of bylaws for the BOD in order to accomplish the above
     described functions, in consultation with 80-20 EF.
                             Q&A regarding BOD
Q: Who are the voting members of the BOD?
   All who have donated $50 or more to SELF, up till 2 days before the day
of the election of BOD, are voting members. Voting members may not
only vote but also nominate self and/or others to run for BOD. You're
to submit your nominations to the Election Committee via
<8020office@gmail.com>
Q: What are the voting powers of each donor?
   To encourage generosity, the bigger donors will have a bit
more voting power. Those donating
$50 to $99 : 1 vote              $100 to $499: 2 votes
$500 to $999: 3 votes         $1,000 to $1,999: 4 votes
$2000 to $4,999: 5 votes     $5,000 or more: 6 votes
Q: Why would YOU want to be a BOD member?
   The BOD will have $100,000 in its complete control to distribute to
any AsAm orgs. and/or projects which share the same goal as 80-20 and
which see UNITY of the AsAm community as a must. Hence, an innovative
and effective BOD member can make a historic contribution to the
forging of UNITY
within the AsAm community. $100,000 is a lot of money.
Currently, it is the combined annual budget of 80-20 PAC and EF.
   We either win rights TOGETHER or lose rights SEPARATELY.
Q: How many BOD Members will be elected?
   It depends. The more candidates we’ll have, the more Board members
we’ll elect. All self nominations will be accepted. The prior consent of a nominee
is required, if a donor is to nominate others.
Q: When will the election be?
   As soon as the total donation to SELF reaches $300,000/yr for 5 years.
The current total is $256,000. We are still $44,000/yr short. We hope
that WITH YOUR HELP we can reach $300,000/yr in about 30 days.
   Aim high & think big! Pitch in to get the AsAm community
UNITED!
UNITY is our salvation. DONATE here to help achieve UNITY.
Respectfully,
 
S. B. Woo, a volunteer
President, 80-20 National Asian American Educational Foundation, Inc.

 

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